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Cyprus Parliament Considering Changes In The Cyprus Citizenship Program

Posted by Michael on July 14, 2016

Will the changes benefit the Investors of the Cyprus Investment Program?

There are various options globally to choose from when applying for Citizenship. However, the Cyprus Investment Program (Citizenship) will guarantee you approval in 6 months maximum.

The application will cover your family as well and any dependent children up to the age of 25. You can live and work in any EU Member State. In addition you can travel to 135 countries without the need of visa.

Moreover, the Cyprus Parliament is considering changes to the way that the Cyprus Citizenship By Investment program is being used.  Will those changes be beneficial to the applicants? Below you can find the changes.

  1. Invest the amount of 2.500.000 Euros in Real Estate in Cyprus instead of 5.000.000 Euros that was before for individuals.
  2. The applicant needs to prove that he/she stayed for a period of time in Cyprus. However, the Government is willing to issue long stay visa to the applicant for their convenience.
  3. The approval time will now be between 6 and 8 months according to directions from the EU.

One of the major benefits of the above changes is the amount need to invest by the applicant which is now 2.500.000 Euros. This will make the program even more competitive and attractive to potential investors. The rest is just typical and as wee suggest to our clients, trust the professionals to do it for you.

Trust Islanders Estate Agencies, Our Island Your Home! Get in touch with us to send you more info on the program.

2 thoughts on “Cyprus Parliament Considering Changes In The Cyprus Citizenship Program

  • Samuelchai@hotmail.com
    on July 18, 2016

    Dear Sir or Madam

    Would you be interested in working together as we are a UK property and immigration specialist.

    Kind regards
    Samuel Chai

    • Michael
      on July 18, 2016

      Dear Mr Chai,

      Thank you for your message.

      You will find our reply in your email inbox.

      Best Regards,
      Islanders Estate Agencies

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